Calculate Repayments
Instantly see your monthly repayment as you adjust your rate, term, or loan amount.
- Instant calculations
- Adjustable variables
Key Features
Everything you need to make smarter decisions about your home loan.
View Interest Savings
Compare standard repayments with extra contributions to see exactly how much interest you save.
- Baseline vs extra repayments
- Total interest saved
Reduce Your Term
Discover how small extra monthly payments can significantly shorten your payoff time.
- Time-to-payoff estimates
- Milestone tracking
Compare Scenarios
Visualize the difference between your current plan and an accelerated repayment strategy.
- Side-by-side charts
Interactive Calculator
Customize Your Loan Plan
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R
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R
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Updates automatically
Projected Savings
Standard
Total Interest
R 0
Total Payment
R 0
Payoff Time
20 Years
Accelerated
Total Interest
R 0
Total Payment
R 0
Payoff Time
0 Years
Visual Insights
Visualize your loan balance, cumulative payments, and interest savings over time.
Loan Balance Projection
Cumulative Payment Growth
Interest & Cost Breakdown
See exactly where your money goes and how much you save.
Standard Scenario
Accelerated Scenario
Total Cost Savings
Maximize Your Savings with Extra Payments
Most homebuyers use a standard bond installment calculator to check if they can afford the monthly premiums. However, the real secret to financial freedom lies in understanding how interest works over time. This South African bond calculator goes beyond the basics by showing you exactly how to save money on bond interest.
Interest is calculated on your daily outstanding balance. By making an extra bond repayment—even a small one—you reduce that balance immediately. This means less interest is charged next month, and more of your payment goes toward the principal. Over 20 years, this "snowball effect" can save you hundreds of thousands of Rands.
LoanTim is designed as a comprehensive bond repayment calculator. It helps you visualize two scenarios side-by-side: your standard bank agreement versus an accelerated plan using an additional bond repayment calculator strategy.
Accurate planning is essential. Whether you are budgeting for a new home or looking to pay off your existing loan faster, using a South African bond repayment calculator ensures you see the numbers clearly.
Here is how to get the most out of this tool:
- Check Affordability: Use it as a standard bond installment calculator to see your required monthly payment.
- Plan for Savings: Enter an amount in the "Extra Monthly Payment" field to activate the extra bond repayment calculator features.
- Compare Scenarios: Watch the charts update instantly to see how much time and interest you save.
Remember, an additional bond repayment is one of the best investments you can make. It is risk-free, tax-free, and guarantees a return equal to your interest rate.